Balancing the checkbook as a diagnostic tool:
Balancing the checkbook as a diagnostic tool: Here's another potential medical tool, this one diagnostic. Many elderly adults suffer from mild cognitive impairment, but only some of them progress to full-blown dementia. A year-long longitudinal study suggests a potential diagnostic indicator: basic financial competence. Anyone suffering from mild impairment wound up performing below controls in a test called the Financial Capacity Instrument, but those who wound up diagnosed as suffering from dementia at the end of the year did much worse, and had problems with financial concepts, cash transactions, bank statement management, and bill payment.
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